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ADNOC Drilling, a subsidiary of the National Oil Company of Abu Dhabi (ADNOC), today announced the completion of its first well of "Integrated Drilling Services" in the Al Dabbyia Coastal Area 'Al Dhafra of the Emirate of Abu Dhabi.
The well was the first to be drilled in a fully integrated way – delivered to ADNOC Onshore, the ADNOC Drilling customer – following the announcement of a strategic partnership between ADNOC and Baker Hughes, a GE company (BHGE ). This first well was completed earlier than planned and within budget.
"Today, ADNOC Drilling marks a milestone in the history of society. The goal is to provide fully integrated services throughout the drilling value chain, thereby opening up new growth and revenue opportunities, "said Abdulmunim Saif Al Kindy, executive director of upstream of ADNOC. ADNOC Drilling in a fully integrated drilling and well completion company is part of the transformation of the ADNOC Group to ensure its prosperity in the evolving energy landscape and take advantage of new market opportunities.
"In partnership with BHGE, ADNOC Drilling will generate predictable long-term revenue streams and market growth. By leveraging a full suite of drilling services, the company will also improve its operational performance, in line with ADNOC's Smart Growth Strategy 2030, which aims to increase its crude oil and gas production capacity and optimize its costs and efficiencies. its effectiveness in creating a more profitable upstream business. . "
ADNOC plans to develop its conventional drilling business by 40% by 2025 and significantly increase the number of unconventional wells, as it targets an oil production capacity of 4 million barrels per day. here the end of 2020 and 5 million by 2030.
ADNOC Drilling will remain the only drilling platform provider of the ADNOC group of companies and capitalize on the growing upstream activity of ADNOC to demonstrate increased drilling efficiency and improved levels of customer service.
"We are the largest oil drilling company in the Middle East," said Abdalla Saeed Al Suwaidi, CEO of ADNOC Drilling. world-clbad workforce and has earned a reputation for being a leading and reliable supplier of well drilling and maintenance.
"Becoming a fully integrated drilling and well completion company is another important step in our development and expansion strategy. This will allow us to better badist ADNOC in implementing its exploration and production growth plans and to take greater advantage of each barrel of oil produced. It also increases the competitiveness of the company, strengthens our service offering and positions ADNOC for future regional expansion. "
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